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Article: business forum; We have a stake in Detroit Three's woes; Bankruptcies and bailouts alone won't solve the problems facing U.S. auto companies - or the nation.(BUSINESS INSIDER)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- December 8, 2008
- Author:
CopyrightCOPYRIGHT 2008 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Fred Zimmerman
It is with great sadness that I read about the plight of the U.S. auto industry, where I have spent much time. Though some coverage seems useful, the flippant recommendations, often made by people who have never walked a factory floor, surprise me because of their brazen simplicity. "Bankruptcy is the best option for GM," a Wall Street Journal editorial written by a former Northwest Airlines executive said in November. Consider the source. I take no position on the bailout of this important industry. The problems extend well beyond the auto industry itself. Only a major restructuring of finance, insurance, services and government - as well ...
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